REC Ltd Receives No Objection from BSE & NSE for Merger with PFC
REC Limited received No Objection Letters from BSE and NSE on October 19, 2026, for its proposed merger with Power Finance Corporation Limited. The scheme is subject to further regulatory and shareholder approvals. This marks a key step towards the amalgamation.
The merger of REC Limited with Power Finance Corporation Limited is a significant corporate action that will lead to the creation of a larger financial entity. This has substantial implications for the companies involved, their shareholders, and the broader financial sector.
The company has received 'No Objection Letters' from both major stock exchanges (BSE and NSE) for its proposed merger. This is a positive development and a crucial step forward in the merger process.
REC Limited has announced the receipt of No Objection Letters from both BSE Limited and the National Stock Exchange of India Limited on October 19, 2026. These letters are in relation to the proposed scheme of merger of REC Limited with and into Power Finance Corporation Limited, along with their respective shareholders and creditors, under sections 230-232 of the Companies Act, 2013.
The scheme was previously approved by the respective Boards of Directors of both REC Limited (Transferor Company) and Power Finance Corporation Limited (Transferee Company), subject to the receipt of applicable regulatory and other approvals. The receipt of No Objection Letters from the stock exchanges is a significant step forward in this process.
The merger remains subject to other statutory and regulatory approvals, as well as the fulfillment of all other conditions necessary for the scheme's effectiveness. This includes the approval of the respective shareholders and creditors of both companies involved in the merger, as required by applicable laws and the scheme's provisions.
Copies of the No Objection Letters from BSE Limited and the National Stock Exchange of India Limited have been enclosed with the disclosure. The information will also be made available on REC Limited's official website at https://recindia.com/scheme-of-merger.
What to do with a filing like this
REC Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by REC Limited. Read the original for the full detail.